Türkiye’s manufacturing PMI slightly down in March
by ChemOrbis Editorial Team - content@chemorbis.com
According to data released by the Istanbul Chamber of Industry and S&P Global, Türkiye’s Purchasing Managers Index (PMI) for manufacturing stood at 50 in March, slightly down from 50.2 in February. The figure indicated stable operating conditions for the month.
Any reading above 50 indicates expansion, while any reading below 50 represents contraction.
Main components of the index remained mostly unchanged in March. There was a slight increase in output, while new orders and employment neared stabilization.
“March was a month of stability for Turkish manufacturers. New orders continued the recent move towards stabilization and this improving picture prompted further modest increases in output and purchasing,” said Andrew Harker, Economics Director at S&P Global Market Intelligence.
Any reading above 50 indicates expansion, while any reading below 50 represents contraction.
Main components of the index remained mostly unchanged in March. There was a slight increase in output, while new orders and employment neared stabilization.
“March was a month of stability for Turkish manufacturers. New orders continued the recent move towards stabilization and this improving picture prompted further modest increases in output and purchasing,” said Andrew Harker, Economics Director at S&P Global Market Intelligence.
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